WE ARE PLEASED TO ANNOUNCE UNIVERSAL’S RECENT FRANCHISE DEAL WITH DUA OPTICAL
Universal Finance is pleased to announce a recent deal we closed that enabled two franchisees to launch an optical lab in Dallas, TX. The franchise owning company, Dua Optical Management, worked with Universal to obtain financing for Azeem Rehman and his wife Wajiha Jivani to build out their My Eyelab business, which is owned by Dua Optical.
According to an article on the My Eyelab website, after years of working in corporate management and consulting, Azeem and Wajiha are thrilled to have fulfilled their dream of business ownership. After financing was secured through Universal, the franchisees opened the new optical lab in September 2020.
As a dedicated single point of contact for individuals seeking loans to start a franchise business, Universal’s extensive experience in commercial lending gives us a unique edge when relating to small business customers who need a loan to buy a franchise. Universal is also the only lending company that appears on the All USA Franchises website, an online directory and resource for hundreds of nationwide franchise businesses.
“We are very excited to add Dua Optical Management to our portfolio of partners whose franchisees have secured financing from Universal,” said Dan Robinson, owner. “It’s always very rewarding for our team when we are able to help a franchise owner get the capital they need to launch their own business and achieve their dreams in doing so.”
As an experienced lender, the Universal team understands the economy and we appreciate the financial ebbs and flows that impact franchise businesses. Unlike a traditional bank, our lending decisions are based on more than just how a business looks on paper. We develop a complete understanding about who the customer is and what they have to offer. This approach solidifies our relationship with the companies that have secured funding through us to start a franchise.
At Universal Finance, it’s our belief that a franchise shouldn’t suffer because of under-funding.
2011 International 4400 Six-Wheel Dump Truck
Eaton Fuller transmission
2 Asphalt chutes
1989 Peterbilt 379 Long Nose Tractor
CAT Motor – 425HP
Ready to Work.
2006 Deere 753G
Deere WF22 Head
Ready to work!
2011 CAT 501HD Harvester
2018 CAT 242D Skid Steer
Ready for Snow!
Attachments Also Available! See pics below – more info on each on our Equipment for Sale page!
2004 Freightliner FLD120 Tractor
Detroit Series 60 Motor
13 speed transmission
Been pulling flat deck trailers all its life
Needs a little TLC!
1996 Mack RD688S Tri-Axle Dump Truck
Mack E7 – 350 HP
New Clutch, Transmission
New Radiator, Starter, Trunnion, Bushings
Should you obtain financing to purchase equipment or lease it?
Universal Finance Corp. offers financing that keeps businesses on track to meet deadlines and avoid interruptions in the projects they are working on. We help clients in a wide range of industries that include franchises, vocational businesses, and dental equipment suppliers by providing a range of equipment financing options. Our creative financing programs and customizable payment plans provide borrowers with the funds they need to purchase equipment and obtain working capital.
When a customer comes to us to obtain financing, one question they often ask is whether it’s better to obtain financing to purchase the equipment they need or to lease it. Choosing between financing or leasing depends on each customer’s unique needs but the team at Universal can offer advice to business owners when it comes to making this decision.
According to the Equipment Leasing and Finance Association, business owners should first consider the purpose of the equipment they need and how long they expect to keep it. For short term equipment needs, leasing is often the less expensive and more sensible option. Universal suggests that our clients take the time to determine how long it will take for the equipment to pay for itself. If a business doesn’t recoup the purchasing price by the time it’s finished using the equipment, a lease is likely the best way to go. For equipment that is expected to be used for fewer than 36 months, we recommend leasing as the preferable option.
Otherwise, financing the purchase of the equipment is the better route to go as the accumulated cost of leasing may outweigh the price of obtaining financing to buy it outright. In addition, if the equipment is expected to be part of everyday operations for many years, it is usually worth owning. We also recommend obtaining financing to purchase equipment when replacing older equipment that’s been an integral part of an operation, or if new equipment is needed because current inventory isn’t sufficient to meet consumer demands.
There are many factors to consider when purchasing or leasing equipment. The team at Universal Finance will work directly with you to provide the guidance you need to choose the right options to get the equipment you need to keep your business moving forward.
Click here to learn more about equipment financing or call us at 781-219-0511 to speak with a representative today!
2016 JCB Model 300T Track Skid Steer
Overall – Good Shape
Bottom is Good
Bucket is Good
Ready to Work!